(VIANEWS) – After selling hard on Tuesday, Ethereum has fallen below $4000. We are currently just above $3800, although we’ve seen it happen several times in recent months. Although Ethereum 2.0 is on the horizon, this should also help to increase the Ethereum’s value. However, in the interim, it feels like we are just circling around $4000 without much direction.

Transaction fees and faster transactions in the coming months will make it very probable that Ethereum will be a major player by 2022. Not to be overlooked, most Ethereum holders are not just holders. We could look at the $4100 again but we will need some kind of catalyst. We are too close to new year’s eve to believe that there will be a huge move. It is possible to buy small amounts of Ethereum as the market moves in your favor. However, if you don’t have Ethereum, it might not be worth it.

While some may buy some Ethereum to add to their stack, they may not be surprised if the price doesn’t go much more up in the near future. You might consider looking closer at the $3500 support line, if you’re a trader.

Crypto seems to remain a great alternative to leverage which helps reduce some of the risks inherent in volatile markets like Ethereum and Bitcoin.

Ethereum (ETH-USD) cryptocurrency is currently on bearish momentum by 3.05% in the last 24 hours. At 09:50 EST on Wednesday, 29 December, Ethereum (ETH-USD) is at $3,793.1400.

Volume

Today’s last reported volume for Ethereum is 17275138233, 34.72% below its average volume of 26464476388.47.

All-Time High and Low

Ethereum’s current value is at $3793.14, 22.34% below its all-time high of $4878.26 on Wednesday, 10 November.

Ethereum’s current value is at $3793.14, 874893.89% above its all time low of $4878.26 on Tuesday, 20 October.

Market Cap and Supply

Ethereum’s current market cap is 450608813779.

Ethereum (ETH-USD) Range

Concerning Ethereum’s daily highs and lows, it’s 1.71% up from its trailing 24 hours low of $3,729.3400 and 3.26% down from its trailing 24 hours high of $3,920.9800.

Social Status

Currently, Ethereum (ETH-USD) has 2025672 Twitter followers and 1192964 Reddit subscribers.

As of now, on Github, there are 12719 forks, 34393 stars, and 2130 subscribers.

Volatility

Ethereum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.70%, a negative 0.19%, and a positive 2.80%, respectively.

Ethereum’s highest amplitude of average volatility was 1.76% (last week), 2.67% (last month), and 2.80% (last quarter), respectively.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Ethereum’s crypto is considered to be overbought (>=80).

Other News About Ethereum (ETH-USD)

  • Crypto whale just moved $20m worth of ethereum (eth) off binance. According to Benzinga on Monday, 27 December, “What happened: An Ethereum (CRYPTO: ETH) whale sent $20,080,314 worth of Ethereum off Binance.”, “Ethereum whales that run their own validator nodes (costing 32 ETH each) must send their Ether to the Ethereum 2.0 beacon chain, which is then locked up until the launch of Ethereum 2.0 in 2022.”
  • Ethereum whale moves 5,000 ETH off binance. According to Benzinga on Monday, 27 December, “What happened: An Ethereum (CRYPTO: ETH) whale sent $20,285,923 worth of Ethereum off Binance.”, “Ethereum whales that run their own validator nodes (costing 32 ETH each) must send their Ether to the Ethereum 2.0 beacon chain, which is then locked up until the launch of Ethereum 2.0 in 2022.”
  • Eth/usd forecast: ethereum continues recovery – 27 December 2021. According to DailyForex on Monday, 27 December, “Because of this, a lot of traders have suggested that the beginning of the new year should see more Ethereum bullish pressure. “, “Pullbacks at this point in time are buying opportunities from what I see, and that is exactly how I am going to start playing Ethereum heading into the new year. “
  • Chart wars: as companies continue crypto adoption, are Bitcoin and ethereum headed for A bullish 2022?. According to Benzinga on Monday, 27 December, “The Ethereum Chart: Ethereum has been trading in an uptrend since Dec. 15 when it reacted bullishly to a double bottom pattern at the level, when paired with the price action on Dec. 13 where it bounced from the area.”, “Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were trading slightly higher on Monday propelled by both a return of bullish sentiment in the cryptocurrency sector and upward momentumin the overall markets, where the SPDR S&P 500 (NYSE:SPY)was flying up over 1% higher into blue skies.”
  • $101m in ethereum was just transferred between 2 wallets. According to Benzinga on Tuesday, 28 December, “It takes about $15 to $30 million of sell pressure to move the price of Ethereum down 2% on any given exchange.”, “$101 million worth of Ethereum was sent to an unknown recipient, with Ethereum wallet address: 0x8729dc4831577d8a30e28e264d974745d9a92335”

News about Bitcoin

  • Btc/usd forecast: Bitcoin breaks $51,000 – 27 December 2021. According to DailyForex on Monday, 27 December, “If you have been following me here at DailyForex as of late, you know the thing that I wanted to see was Bitcoin taking out the $51,000 level. “, “The Bitcoin markets corrected enough that all of the weak hands have been blown out. “
  • Ray dalio says Bitcoin will not hit $1m, calls Elon Musk plan to put dogecoin on the moon ‘cute’. According to Benzinga on Sunday, 26 December, “In September, he spoke about regulators controlling Bitcoin and how there is a danger that governments could destroy the crypto market or take complete control of digital currencies if they become too popular.”, “Earlier this month, Dalio said that he owned some Bitcoin and Ethereum (CRYPTO: ETH), but when asked how much he possesses, Dalio responded by saying that he doesn’t hold a lot of it: “I’m very big on diversification, and it’s a very small part of the portfolio.”
  • Holes in El Salvador’s Bitcoin wallet? users claim funds are missing. According to Benzinga on Monday, 27 December, “He hasbeen promoting Bitcoin adoption since June and recently announced the government has around 1,391 BTC, worth more than $71 million as of Monday afternoon.”, “What happened:Twitter Inc (NYSE:TWTR)user El Comisionado had athreadabout missing various amounts of Bitcoin on Dec.16. “
  • $758m in Bitcoin was just transferred between 2 wallets. According to Benzinga on Monday, 27 December, “Since this transaction wasn’t sent to an exchange, it’s unlikely that this Bitcoin whale is looking for liquidity. “, “It takes about $15 to $30 million of sell pressure to move the price of Bitcoin down 2% on any given exchange.”
  • Dogecoin adopts A downward dog posture — is the manoeuvre all due to Bitcoin?. According to Benzinga on Wednesday, 29 December, “DOGE was up marginally by 0.04% against Ethereum (ETH) and fell 0.4% against the apex cryptocurrency Bitcoin (BTC) over 24 hours at press time.”, “Dogecoin co-creator Billy Markus took a dig at Bitcoin on Tuesday in a tweet through a meme.”

More news about Ethereum (ETH-USD).

LEAVE A REPLY

Please enter your comment!
Please enter your name here